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account for a large part of the united states economy. how is the government likely to respond? >> this has a wholly new voice to the privacy debate. i've see advocates and members of that type of the advocates and members have taken a printable stand. we have the companies weighing in. congress doesn't listen. the president is -- congress and does a listen. -- the president is expecting a report. early next year, we will see action on it. said he is tobama get the nsa to impose self- restraint. let's take a listen. >> i will be proposing some tof-restraint on the nsa and initiate some reform to give people were confidence. i wanted everybody to be clear -- the people at the nsa generally are looking out for the safety of the american people and not interested in reading your e-mails and not interested in reading your text messages. >> president obama speaking on hardball. what kind of reforms do you imagine the president is talking about? >> the way he phrases it as self-restraint will not be enough. the nsa internally has privacy rules that it violates on a regular basis. it c
account for a large part of the united states economy. how is the government likely to respond? >> this has a wholly new voice to the privacy debate. i've see advocates and members of that type of the advocates and members have taken a printable stand. we have the companies weighing in. congress doesn't listen. the president is -- congress and does a listen. -- the president is expecting a report. early next year, we will see action on it. said he is tobama get the nsa to impose self-...
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Dec 7, 2013
12/13
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in europe, the economy was slowing down. we had to compensate. generally the team really fights when those things happens to try to compensate for the macro. >> how do you compensate? >> be more aggressive and getting more merchants and doing more promotions. when we have macro events, they try to compensate. >> it is hard to see anything at a macro level. what are you staying in terms of the economic environment in the u.s.? >> this quarter was slow to start, right? look at the holiday shopping, it was pushed late. other than that, i think things are looking better and better. >> you have done so many acquisitions and have launched many products as well. john donahoe was excitedly showing this beacon. how do you describe it? >> we want to change how people shop. people love shopping, but they hate paying. >> and it is not just because they are cheap? >> no. everyone is like that. we want to remove that friction and make it completely invisible to pay. with beacon, we did that. you can go into a coffee shop like he did earlier today and then your
in europe, the economy was slowing down. we had to compensate. generally the team really fights when those things happens to try to compensate for the macro. >> how do you compensate? >> be more aggressive and getting more merchants and doing more promotions. when we have macro events, they try to compensate. >> it is hard to see anything at a macro level. what are you staying in terms of the economic environment in the u.s.? >> this quarter was slow to start, right?...
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Dec 5, 2013
12/13
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BLOOMBERG
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the government recognizes that and is slowly trying to shift the emphasis to the consumer economy. but they have not broken up enterprise. does the 4g license that the government has now given china mobile, which enables them to potentially sign a deal with apple finally, how does that play into this? mobile ist that china first out of the gate with 4g is very helpful to them. china mobile has suffered from a skewed policy of industrial, home country champion with the chinese three g standard. into a as they move standard that is akin to global 4g, we see the iphone regaining momentum and the ability to soak up the strong demand for smart phones. >> you are saying the government held china mobile back. >> china mobile was held back because the chinese government anointed this dubious -- anointed it to this dubious prize of three g. chinese consumers are increasingly in the driving seat. the government is beginning to recognize that. it is not happening overnight, but incrementally you can see the government bowing to the fact that consumers will make their own choices. we will keep
the government recognizes that and is slowly trying to shift the emphasis to the consumer economy. but they have not broken up enterprise. does the 4g license that the government has now given china mobile, which enables them to potentially sign a deal with apple finally, how does that play into this? mobile ist that china first out of the gate with 4g is very helpful to them. china mobile has suffered from a skewed policy of industrial, home country champion with the chinese three g standard....
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Dec 9, 2013
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the call this the right now a economy. -- we call this the right now economy. customers usually screw this up. they do not get the local behavior quite right. let's break. -- >> right. outle are quickly figuring how to take full advantage of it. look at companies in the portfolio. they figure out how to make the mobile experience so good that you will find what you want to buy in by it. that is the conversion rates on mobile. >> i noticed on the amazon site, the mobile experience is quite different. about the talked years they have done things to encourage more like bruce. use a simple is better than offering more choices? >> right. look at the most successful things on the mobile commerce. very simple. they give you the right choices. because of that, you convert touch better. true of the amazon mobile app, too. th i am not into on -- in dep about fab. but i see rollout stories. could you lay out how this is successful, because it is different from what i have been reading. >> every company goes through evolutions and changes. what they have done really well i
the call this the right now a economy. -- we call this the right now economy. customers usually screw this up. they do not get the local behavior quite right. let's break. -- >> right. outle are quickly figuring how to take full advantage of it. look at companies in the portfolio. they figure out how to make the mobile experience so good that you will find what you want to buy in by it. that is the conversion rates on mobile. >> i noticed on the amazon site, the mobile experience is...
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Dec 7, 2013
12/13
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BLOOMBERG
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in europe this year, we saw that the economy was slowing down. we had to compensate. the team really fights when those things happen to try to compensate for the macro. we try to compensate by being more aggressive and getting more merchants and doing more promotions. we are their share of checkout volume. when we have macro events, the team tries to compensate. >> in the u.s., your growth is hard to see at a macro level. -- at a micro level. what are you seeing on the economic environment? >> this quarter was slow to start. if you look at the holiday shopping season, it was pushed late. other than that, things are looking better and better. >> you have done so many acquisitions. talk to me about beacon. we were just talking about this. how do you describe it? >> we want to change how people shop. people love shopping. they hate paying. >> is that because they are cheap? >> everybody is like that. we want to remove the friction and make a completely invisible to pay. with beacon, we did that. you can go into a coffee shop, like you did, and you just walk in. your phon
in europe this year, we saw that the economy was slowing down. we had to compensate. the team really fights when those things happen to try to compensate for the macro. we try to compensate by being more aggressive and getting more merchants and doing more promotions. we are their share of checkout volume. when we have macro events, the team tries to compensate. >> in the u.s., your growth is hard to see at a macro level. -- at a micro level. what are you seeing on the economic...
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Dec 6, 2013
12/13
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an economy jobs report, wall street can dance. hiring is up and so is stocks. we will go inside ebay today and find out how the auction site ashley is all it top talent. politics? budget? d-day is upon us and congress does not know if they will be able to make the deadline. wet is next week. in sports, are told about the nike deal. an exclusive interview. finally, bottoms up. we will learn how to taste a $2000 bottle of whiskey. let's get to the economy in the november jobs report. new jobs, 200-3000 knitted. the unemployment rate is down to a five-year low. >> this month came in at 7.023%. point/10 of a percentage below a six handle. the fed has been talking about exploit five percent and that is their threshold. we are getting awfully close to will not only spark taper talk but also a lot people out there that the job market is getting better. if they see in december we fall to a six percent number. so a jobs report that causes the fed to taper talk a little sooner. you might think that would freak out wall street. not the case. stocks are rising today. it is
an economy jobs report, wall street can dance. hiring is up and so is stocks. we will go inside ebay today and find out how the auction site ashley is all it top talent. politics? budget? d-day is upon us and congress does not know if they will be able to make the deadline. wet is next week. in sports, are told about the nike deal. an exclusive interview. finally, bottoms up. we will learn how to taste a $2000 bottle of whiskey. let's get to the economy in the november jobs report. new jobs,...
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Dec 5, 2013
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our closer says the economy has 20 of momentum. is loftygh there expectations for tomorrow's jobs report, she believes the expectations will be met. she is a bloomberg best for her stellar forecasting ability and .our -- and a senior economist welcome back. last jobs report of the year tomorrow. lookdo you think it will like? >> all of the other labor market data that has been coming in has been coming in very healthy. expectations are also very lofty for tomorrow's report. the supporting data says we will get a nice, big support. at 190 five, slightly above consensus. in, coalescing around the 200,000 level. if it comes in around that mark, markets are expecting that kind of number. you set yourself up for a big knee-jerk reaction if we do not meet that number. that said, we are trading down because there is good economic data, and everyone says we will pave her sooner than perhaps the market was like. so if we get the week report bar roque, it might not necessarily be the worst thing for the markets. quac >> weak or strong, it wi
our closer says the economy has 20 of momentum. is loftygh there expectations for tomorrow's jobs report, she believes the expectations will be met. she is a bloomberg best for her stellar forecasting ability and .our -- and a senior economist welcome back. last jobs report of the year tomorrow. lookdo you think it will like? >> all of the other labor market data that has been coming in has been coming in very healthy. expectations are also very lofty for tomorrow's report. the supporting...
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Dec 5, 2013
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we're standing by for the latest read on the economy. initial jobless claims and personal consumption on deck. we have a jobs report tomorrow. michael mckee has the real deal on the numbers. data, two other central banks have their decisions -- no change on the ecb or the bank of england. >> but it does tell us something. there are implications for both of the banks in making no decisions. the bank of england, their economy is picking up and the government raise their economic nexth forecast to 2.4% year. should that push up inflation, they have a problem. they are already at 2.6%. by doing nothing, the bank of england tells us they do not think inflation will be a problem. across the channel, to the ecb, their problem is inflation is too low. it was at 0.9% in october. their decision says they are staying put and they do not need to take additional action as it did last time with a cut in interest rates, so they are on hold, but we will watch what mario draghi says. they're expected to put out new forecast for the next two years and the
we're standing by for the latest read on the economy. initial jobless claims and personal consumption on deck. we have a jobs report tomorrow. michael mckee has the real deal on the numbers. data, two other central banks have their decisions -- no change on the ecb or the bank of england. >> but it does tell us something. there are implications for both of the banks in making no decisions. the bank of england, their economy is picking up and the government raise their economic nexth...
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Dec 6, 2013
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CNBC
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of the economy. we're experiencing asymmetric recovery. the people in the bottom are getting hammered and not getting better. >> my forecast for 2014 remains pretty close to 3%. i think that's where we'll be next year. that's a pretty healthy pace of growth. it's not booming by any stretch of the imagination, but it's a pretty healthy pace. what happens on a quarter to quarter basis? it's hard to predict. because they are volatile. >> if you look over the last two years, most of the expansion has been multiple expansion in the equity markets, so the equity market is looking for revenue growth on the top line basis. and if it sees growth it will make a move higher. top line growth has to drive the next wave in of price appreciation. >> you know, last night, ges ceo said that a 3% growth, a lot of the economy's problems are growth. >> he's watching right now. >> he's watching now. watching now. >> he's probably -- he's probably right. and that's -- we talked about it last night. so half of that gdp was
of the economy. we're experiencing asymmetric recovery. the people in the bottom are getting hammered and not getting better. >> my forecast for 2014 remains pretty close to 3%. i think that's where we'll be next year. that's a pretty healthy pace of growth. it's not booming by any stretch of the imagination, but it's a pretty healthy pace. what happens on a quarter to quarter basis? it's hard to predict. because they are volatile. >> if you look over the last two years, most of the...
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Dec 4, 2013
12/13
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is this simply because the economy has been improving and consumer spending is amped up? > >that is certainly part of it. as we probably all know, the story since the recession has been that the high end has recovered very well and that discounters have recovered very well. and that is particularly true in malls. the big fortress high end malls. they've gotten a lot of high end tenants. people are willing to spend again and that's certainly making them experience a kind of nice resurgence. > >what metrics do you look at? how much of the growth are they seeing? > >the real concrete ones that we can look at are the 9 biggest publicly traded mall reits. > >real estate investment trusts that own malls. > >exactly. the big mall owners in the country. they have to report their occupancy. and the average occupancy of the 9 largest ones currently stands at 93 percent which is nearly an all time high. some of them are as high 99% leased which is pretty remarkable. > >and foot traffic too? spending? those are all on the up and up? > >well there is a catch---so foot traffic is actua
is this simply because the economy has been improving and consumer spending is amped up? > >that is certainly part of it. as we probably all know, the story since the recession has been that the high end has recovered very well and that discounters have recovered very well. and that is particularly true in malls. the big fortress high end malls. they've gotten a lot of high end tenants. people are willing to spend again and that's certainly making them experience a kind of nice...
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architect and destroy the internet the entire this entire global economy based on i.t.v. starts to collapse and give you an idea some of the downloads are doing there by some estimates u.s. corporations are already losing one hundred eighty billion dollars of business as the rest of the world's divorces itself from this crappy as a virus. joke write your own heart no i don't think i'm fully right well it's not necessarily that the total value you know to the global society of information technology is going to go down but certainly the u.s. economy is going to be heard very very badly by this in the long term already germany just last week announced that they are basically going to rebuild and reengineer old critical software that they need to run their country in their industry so that means that they will stop buying lots of american software which is what you know most western countries do so my home country to another learns by about ten billion euros worth of u.s. software on a yearly basis so you know that's that's something like several hundred euros per citizen ev
architect and destroy the internet the entire this entire global economy based on i.t.v. starts to collapse and give you an idea some of the downloads are doing there by some estimates u.s. corporations are already losing one hundred eighty billion dollars of business as the rest of the world's divorces itself from this crappy as a virus. joke write your own heart no i don't think i'm fully right well it's not necessarily that the total value you know to the global society of information...
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than the host as in the case of jamie dimon lloyd blankfein the parasite gets bigger than the global economy then you have a parasitic world driven by parasitic needs ruled by parasites and that's not really helping anybody well the parasites on the host get bigger and bigger and they need to consume or more more to sustain themselves but you know look back at that image again this is the absurdity this is exactly as absurd as the banking system is right now is like this little absurd creature sitting at a fish's tongue like jamie done and you know you can just look at jamie when he's on the news like. you know that's to me as a parasite. you know and as money comes into wall street jamie scoops it up. and it comes into his gills and it makes of all the stupid. parasites one of the ugliest so obviously in that situation with the tongue eating ice of pot if you will put out the fish no longer has a tongue so it needs it but we're going to look at these next few headlines to whether or not we can remove this absurd ugly sort of fish tone that we have in our own banking system iceland reveals o
than the host as in the case of jamie dimon lloyd blankfein the parasite gets bigger than the global economy then you have a parasitic world driven by parasitic needs ruled by parasites and that's not really helping anybody well the parasites on the host get bigger and bigger and they need to consume or more more to sustain themselves but you know look back at that image again this is the absurdity this is exactly as absurd as the banking system is right now is like this little absurd creature...
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Dec 5, 2013
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the constraint holds our economy back. it seemed like charlie brown and the football, but our reporters tell us that there is going to be a budget deal this time. [laughter] ryan, patty murray -- they are going to reach some sort of small deal so that reporters and lawmakers in budget directors are not working on new year's eve again. have you been briefed on the murray-ryan conversations? we submit a budget and then they act -- and then congress acts on it. we are excited and happy to be at this point. we are supportive of the process. what the administration can best do to get the ball over the line is be supportive of the process. the supportive of the effort that ms. mari and mr. ryan are doing -- mr. murray -- ms. mu rray and mr. ryan are doing. that is what we're doing. the entire process began before i came back to the office of management and budget. being specifics are worked out. it is pretty clear the gist of this deal. we're going to set some spending so we can have regular order, to change some of the sequeste
the constraint holds our economy back. it seemed like charlie brown and the football, but our reporters tell us that there is going to be a budget deal this time. [laughter] ryan, patty murray -- they are going to reach some sort of small deal so that reporters and lawmakers in budget directors are not working on new year's eve again. have you been briefed on the murray-ryan conversations? we submit a budget and then they act -- and then congress acts on it. we are excited and happy to be at...
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economy is going to be heard very very badly by this in the long term already germany just last week announced that they are basically going to rebuild and reengineer old critical software that they need to run their country and their industry so that means that they will stop buying lots of american software which is what you know most western countries do so my home country tonight and buys about ten billion euros worth of u.s. software on a yearly basis so you know that's that's something like several hundred euros per citizen every year now translate that to all of the western world and your debts the kind of money we're talking about and we've been paying that for year on year on year and year to companies like microsoft and apple and google and of course everybody starts saying oh we need to actually do this ourselves if we want to be safe and secure and if we want to be sovereign and oh by the way great there's all this free software out there that actually mostly already does what we need to and we just need. built the last five percent or two percent in usability and then we
economy is going to be heard very very badly by this in the long term already germany just last week announced that they are basically going to rebuild and reengineer old critical software that they need to run their country and their industry so that means that they will stop buying lots of american software which is what you know most western countries do so my home country tonight and buys about ten billion euros worth of u.s. software on a yearly basis so you know that's that's something...
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Dec 6, 2013
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economy. when he got into office, they had been really sapped by sanctions for all these years and could have gone either way. look at zimbabwe next door. interesting because you mentioned the sanctions risk. there was a divide in this country about the sanctions. reagan was slow to act and there was a lot of pressure or members of the congressional black caucus and other circles as they have been noting tonight, lots of concerts in support of mr. mandela, lots of concerts in support of those who said that we should not have any dealings with south africa as long as apartheid was still in place. >> the people for sanctions were on the right side of history because it really did weaken the regime and probably brought them to the bargaining table much quicker. >> in your article, you noted south africa's economic and clinical aspects were intertwined. how so? how did he help to narrow that defined? had growth rates under 1% during the entire apartheid regime. from the time he was a like did unti
economy. when he got into office, they had been really sapped by sanctions for all these years and could have gone either way. look at zimbabwe next door. interesting because you mentioned the sanctions risk. there was a divide in this country about the sanctions. reagan was slow to act and there was a lot of pressure or members of the congressional black caucus and other circles as they have been noting tonight, lots of concerts in support of mr. mandela, lots of concerts in support of those...
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Dec 9, 2013
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economy is on trend. to say that we're just trying to get over the trauma here and some of the data is already there. >> will the snow and ice keep shoppers at home or will they bare the elements. dan, always good to see you. what have you seen so far? we have had nasty weather on key shopping weekends. >> we have had tough weather and nice cold weather. we just went two years where they didn't sell boots or carves or gloves or things of that nature. my guess is what will happen is you have people who are great merchants will say the weather helped them and those that aren't will say that the weather hurt them. >> we're very excited about people who sell branded goods off price. t.j., nordstrom rack, ross, they give you value on a consistent regular basis. >> who looks horrible? who is not executing well? >> the teen retailers on the mall and online stores are struggling. nothing new, nothing exciting. nothing that is stimulating the consumer. >> how is j.c. penney doing? >> i think wall street is wrong.
economy is on trend. to say that we're just trying to get over the trauma here and some of the data is already there. >> will the snow and ice keep shoppers at home or will they bare the elements. dan, always good to see you. what have you seen so far? we have had nasty weather on key shopping weekends. >> we have had tough weather and nice cold weather. we just went two years where they didn't sell boots or carves or gloves or things of that nature. my guess is what will happen is...
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Dec 9, 2013
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investors willis tune comments from federal reserve officials speaking on the economy. u.s. airways and american airlines are closing their nearly $18 billion merger today, this will create the largest airline. on saturday supreme court justice ruth baders ginsburg. passengers will notice many visible changes to the jets or frequent flyer programs until next year. a group of tech companies calling on president obama and congress to impose strict limits on surveillance. the group which includes google, microsoft, yahoo! and twitter have written a letter calling for an end to mass collection of user information like e-mail and contact lists. the move comes in the wake of the leaks on u.s. spying programs by edward snowden. back to you. >> thanks very much. >> time to check the forecast right now. my mouth still frozen this morning. >> understandable. it's very cold out there. you know what, this has been a prolonged cold spell in the bay area. we're not going to get out of it for a couple days. keep those winter gloves, everything you need handy. 25 in fairfield, 22 very cold
investors willis tune comments from federal reserve officials speaking on the economy. u.s. airways and american airlines are closing their nearly $18 billion merger today, this will create the largest airline. on saturday supreme court justice ruth baders ginsburg. passengers will notice many visible changes to the jets or frequent flyer programs until next year. a group of tech companies calling on president obama and congress to impose strict limits on surveillance. the group which includes...
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liz: the rate of growth in the services sector of the economy slowed. saying nonmanufacturing index slipped. david: sales of single-family homes surged the most in more than three decades in october. commerce department reported sales soaring to a seasonally adjusted annual rate of 444,000 units. liz: the trade deficit narrowing as exports hit a record high. picking up in global demand that could help boost american growth in the fourth quarter. david: and falling of the fda revealed the company recalling 1400 robotic surgery systems because of concerns the devices could stall and that was bad news for the stock. "after the bell" starts right now. liz: i could say this was massive action but if you're just tuning in and look these numbers are not that great, we were way lower but also way higher. let's break down the market action. portfolio manager who doesn't expect to taper anytime soon despite the strong adp report. what it means for your investment and todd horvitz. what interesting market behavior today, as we went into the 3:00 p.m. eastern show
liz: the rate of growth in the services sector of the economy slowed. saying nonmanufacturing index slipped. david: sales of single-family homes surged the most in more than three decades in october. commerce department reported sales soaring to a seasonally adjusted annual rate of 444,000 units. liz: the trade deficit narrowing as exports hit a record high. picking up in global demand that could help boost american growth in the fourth quarter. david: and falling of the fda revealed the...
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Dec 3, 2013
12/13
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economy. we call it a pick me up. >> talk about the stomping in stocks, rally interrupted the dow and s&p 500 suffering their biggest one day drop. the dow on verge of its first three day losing streak since september as it dips to its lowest level in three weeks after saturday straight weeks of gains for the dow and s&p 500. interesting in today's session, we saw what we saw in yesterday's session that is the russell small cap index leading the way down under performing the markets in weakness in the financial today. to bob pisani at the big board. >> hello there. and here's what i'm seeing today and a lot of people have been asking the start of something. i don't see a big start, but i do see a little bit of signs of concerns. put up the full screen. the european close was poor today. had a great run in europe the last couple months. starting to fall apart. brent poor, two to one event declining. buyer interest, how much do you buy at the bottom? nonexistent today. the dow, we've been down t
economy. we call it a pick me up. >> talk about the stomping in stocks, rally interrupted the dow and s&p 500 suffering their biggest one day drop. the dow on verge of its first three day losing streak since september as it dips to its lowest level in three weeks after saturday straight weeks of gains for the dow and s&p 500. interesting in today's session, we saw what we saw in yesterday's session that is the russell small cap index leading the way down under performing the...
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Dec 6, 2013
12/13
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it demonstrates the economy may be improving and that the fed should be getting out of the way. >> mike, i'm sorry to interrupt. are you telling me december meeting if the fed announces tapering, that the markets will take it in stride? that's basically what you're telling me? >> i think it will take it more in stride than maybe it would a month or so ago because the numbers have been getting better in the economy. >> steve, do you agree with that? >> i agree with michael. i think the numbers have been improving all week nothing but good numbers here and starting out with the key 3 gdp, inventory bills. >> strengthening. record auto sales in november, the jobs numbers are very good here today, housing retail, everything looks good and we've been saying all along we think we're going to be tapering into strength and the market is going to see through that. i think we're using 120 next year for s&p earnings, still high relative to the street, but i think people are starting to see that as a real possibility and stocks are trading at 15 times next year relative to everything else you have
it demonstrates the economy may be improving and that the fed should be getting out of the way. >> mike, i'm sorry to interrupt. are you telling me december meeting if the fed announces tapering, that the markets will take it in stride? that's basically what you're telling me? >> i think it will take it more in stride than maybe it would a month or so ago because the numbers have been getting better in the economy. >> steve, do you agree with that? >> i agree with...
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Dec 3, 2013
12/13
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the real issue is going to be the economy. the average wages of working americans declined in the past ten years, how do rewe restore growth in the pocket books not just in the stock market for the american people? we've got to lean in on that and start addressing the concerns of parents trying to send their kids to college, get them jobs. retirement security, these are things that have been put on the side and it's really a discredit that congress is focusing on middle class concerns. >> congressman, to that point, we're seeing a rising movement across the country in support of raising the minimum wage, something that republicans and congress seem to have no interest in doing. but are you hearing from constituents that that's a concern to them? do you think ultimately we could see enough pressure brought to bear that even republicans in congress admit that we need to raise the minimum wage that it would be good for the economy and lift a lot of people out of poverty? >> absolutely. when you see the stories about food service
the real issue is going to be the economy. the average wages of working americans declined in the past ten years, how do rewe restore growth in the pocket books not just in the stock market for the american people? we've got to lean in on that and start addressing the concerns of parents trying to send their kids to college, get them jobs. retirement security, these are things that have been put on the side and it's really a discredit that congress is focusing on middle class concerns. >>...
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Dec 7, 2013
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we got to put more money into the economy. the infrastructure jobs are fine. the way to get it working again is to lower taxes. increase domestic energy production and that policy could really be revamped. it's really a shame. workers are poised to create a lot of new jobs. they have the capital to do so. the number one reason they're not doing it is because of the obama care mess. they'll have a wait and see attitude, see if they'll add workers full time or hire new workers and actually quite the opposite, laying people off and keeping them below full time until this obama care problem is solved. >> i'm going to give you a moment to respond there. let me jump in there. where rick leaves off. of course we know a steady climb in employment is better than being stagnant. apart from what rick is considering obama care as a blocker, what would you say are some of the blockers that are preventing more robust job growth to the point where we have that happy days are here feeling that permeates the air? >> i don't think obama care is the thing that is doing it becaus
we got to put more money into the economy. the infrastructure jobs are fine. the way to get it working again is to lower taxes. increase domestic energy production and that policy could really be revamped. it's really a shame. workers are poised to create a lot of new jobs. they have the capital to do so. the number one reason they're not doing it is because of the obama care mess. they'll have a wait and see attitude, see if they'll add workers full time or hire new workers and actually quite...
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Dec 4, 2013
12/13
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FOXNEWSW
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problems come up in any start up any launch of a project this big that has an impact on one sixth of our economy, whatever comes up we are going to just fix it. >> the healthcare program has critical tests to enroll hundreds of thousands of people by december 3rdrd. the deadline for folks to begin on january 1st. >> elizabeth prann live for us this morning. thank you. >>> that brings us to our look who is talking this morning. mayor rudy giuliani appearing on our show. the healthcare.gov fixes won't work because it was backwards. >> we have to start the whole thing over. one expert tells me they built it wrong in the first place from the top down rather than the bottom up. to go fix the bottom, and this is the reason why you have that one-third figure of people who are not going to get the healthcare they thought they were going to get even though they signed up. >> the former mayor also at its foundation obamacare is really about the redistribution of wealth. >> the fundamental distortion here, sean, is this was soemd as we are going to do this through the private insurance companies. in fact t
problems come up in any start up any launch of a project this big that has an impact on one sixth of our economy, whatever comes up we are going to just fix it. >> the healthcare program has critical tests to enroll hundreds of thousands of people by december 3rdrd. the deadline for folks to begin on january 1st. >> elizabeth prann live for us this morning. thank you. >>> that brings us to our look who is talking this morning. mayor rudy giuliani appearing on our show. the...
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Dec 4, 2013
12/13
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CSPAN2
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the pell grant program is also a lifeline for america's economy. for african-american and latino students, education is the only, the only steppingstone out of poverty. there are very few dollars to inherit from the family trust. there are very few african-americans and latinos that can save enough to send their children to college so the pell grant is key. we need more students to undertake higher education in order to close the skill gap and boost productivity. but so many families are struggling to cover rising costs while some exaggerate the funding gap with regard to pell, the fact is that the program has been cut by more than $50 billion and is projected to remain stable. it's very important to note that 40% of the growth in pell grants costs since 2008/09 has been due to the increased number of pell eligible students in this period of high unemployment, not due to policy changes. what this says to me is simple. we can reduce the cost of the pell grant program by getting americans working again. once we get americans working again we will hav
the pell grant program is also a lifeline for america's economy. for african-american and latino students, education is the only, the only steppingstone out of poverty. there are very few dollars to inherit from the family trust. there are very few african-americans and latinos that can save enough to send their children to college so the pell grant is key. we need more students to undertake higher education in order to close the skill gap and boost productivity. but so many families are...
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Dec 10, 2013
12/13
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FBC
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i will take a 5% rate any day in a better economy. cheryl: you don't think they have already gotten in? that's what we've seen. the housing market yourself last two years, your industry has gone gangbusters. you don't think those purchases have already been made? >> oh, no, the pent-up demand is still growing. we've been producing between 700 and 900,000 new homes per year over the last couple years and the average per year for the last three decade is 1.5 million homes. so while our industry was up significantly, over the horrific years of 9 and 10, we're nowhere near close where we should be. there is a lot of pent-up demand that is still growing and there is a lot of room to grow and many, many buyers have not gotten in. so i'm not worried about a small tick in rates. i think we'll be fine. david: it is great so many people buying are doing a lot with cash. you say 30 to 35% cash. i've heard in areas of florida people are like, 50% cash in a lot of those areas of florida but is there a concern there? that is, are banks holding back
i will take a 5% rate any day in a better economy. cheryl: you don't think they have already gotten in? that's what we've seen. the housing market yourself last two years, your industry has gone gangbusters. you don't think those purchases have already been made? >> oh, no, the pent-up demand is still growing. we've been producing between 700 and 900,000 new homes per year over the last couple years and the average per year for the last three decade is 1.5 million homes. so while our...
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Dec 5, 2013
12/13
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KTVU
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schools giving more control to local districts but they said schools could be in for a shock if the economy takes another hit. >> one thing, the state's revenues grow and it has sustained growth. >> the audit says districts may struggle with the cost of adopting a new curriculum next year. >> lot of students in poverty. >> auditors question whether funding increases will be enough to keep the university of california and cal state affordable. he said it is a strange day when efforts to ensure every student graduates with college are labeled as high risk. >>> in 2 minutes asking businesses to buy their own names back. why one man claims he owns the rights. >> the trend of freezing temperatures forcing people to bundle up across the bay area. coming up, if the fridged conditions continue into the weekend. >> why some say this ad is offensive and others are supporting it. [ male announcer ] this is a leather-wrapped steering wheel. this is a heated leather seat. this is a secret storage space. this is another. this is 8.4 inches of go-anywhere. this is 20 inches of water-fording talent. this i
schools giving more control to local districts but they said schools could be in for a shock if the economy takes another hit. >> one thing, the state's revenues grow and it has sustained growth. >> the audit says districts may struggle with the cost of adopting a new curriculum next year. >> lot of students in poverty. >> auditors question whether funding increases will be enough to keep the university of california and cal state affordable. he said it is a strange day...
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Dec 9, 2013
12/13
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KNTV
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good news about the economy. we'll take a look coming up. >> and a fixer upper. definitely an understatement. we'll tell you why a burned out home is selling for nearly $400,000 in the south bay. >> where it is cold this morning. you can't tell from that picture but believe me it's cold. this is san jose. lights twinkling and mighty cold. 22 degrees in parts of the bay area. much more on that and your news coming up after the break. [ female announcer ] for those who love sweets your season is here. let's just call it the baking time of year. you need special ingredients. you need the staples for homemade. you need safeway sugar for just a buck eighty-eight. and that magic thing that makes everyone want another only two ninety-nine for challenge butter. and when hands get messy, quite surely they'll say, yum! wow! yay! what a sweeter holiday. safeway. ingredients for life. >>> here are today's top stories. crews are washingtoning to clear sand from northbound 880 through oakland, the fiflt avenue off ramp is expected to be shutd for an hour or so after a big rig
good news about the economy. we'll take a look coming up. >> and a fixer upper. definitely an understatement. we'll tell you why a burned out home is selling for nearly $400,000 in the south bay. >> where it is cold this morning. you can't tell from that picture but believe me it's cold. this is san jose. lights twinkling and mighty cold. 22 degrees in parts of the bay area. much more on that and your news coming up after the break. [ female announcer ] for those who love sweets...
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Dec 10, 2013
12/13
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BLOOMBERG
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termss very japanese in of the rebalancing of the economy. to buy domestic bonds. that is the next step. that is where it will be critical if the supervisor let the banks continue to hold more of the sovereign bonds. it will remain. if they present their concerns as we have heard in the last few weeks about concentration risks of sovereign bonds, there's an issue there in terms of how stable the markets can be. the share of foreign buying this been it is not really great. as civilization has, from spain and italy from domestic buying. from spainulation and italy from domestic buying. the sovereign bank mixes and in the context, a very important to how the race will be addressed. >> talk to me about currency. is europe's too high? could 2014 be the year when and that ease qe? expectationsdefied and nicotine to do so. if you look at the euro-dollar, stronger growth. taper around the corner. >> not so. >> you look at the yen and it is moving lower. clearly, something going on. or have the expectations of relatively low inflation. maybe the current account with europe
termss very japanese in of the rebalancing of the economy. to buy domestic bonds. that is the next step. that is where it will be critical if the supervisor let the banks continue to hold more of the sovereign bonds. it will remain. if they present their concerns as we have heard in the last few weeks about concentration risks of sovereign bonds, there's an issue there in terms of how stable the markets can be. the share of foreign buying this been it is not really great. as civilization has,...
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Dec 6, 2013
12/13
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BLOOMBERG
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economy. they're 70% of g.d.p. isstronger employment news good. >> do you think that this is going to stick? theory?d is good >> good is good whether it sticks in market is to be seen. we've seen a pickup between stock and bond correlation. earlier in the year we were moving up on stronger trend assumptions. the treasury market was selling off. and stocks could sail through it. recently we have seen a correlation pick up where markets seem to be being fueled expectations and the hope for easy money. so i think you have to look at the week as a whole. up stock market did not go much this week. we had great news all through the week on the macro economic front. not as convincing as other data points like the third quarter g.d.p. >> 3.6 growth isn't convincing? that sounds good. >> the piece that was inventory contribution. very happy with the way the economy is proceeding. i expect it to accelerate from 2% closer to 3% in the coming year. that's negative for treasuries. stocks.itive for but we've got to shake off thi
economy. they're 70% of g.d.p. isstronger employment news good. >> do you think that this is going to stick? theory?d is good >> good is good whether it sticks in market is to be seen. we've seen a pickup between stock and bond correlation. earlier in the year we were moving up on stronger trend assumptions. the treasury market was selling off. and stocks could sail through it. recently we have seen a correlation pick up where markets seem to be being fueled expectations and the...
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find out what's really happening to the global economy with my extremes are the no holds barred look at the global financial headlines tune in to gaza report on our.
find out what's really happening to the global economy with my extremes are the no holds barred look at the global financial headlines tune in to gaza report on our.
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Dec 10, 2013
12/13
by
KOFY
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still ahead tonight backlash against a booming economy. why people are ganging up on google claiming the tech industry isn't pulling its own weight. >> 18 sheriff deputies find themselves on the wrong side of the law. >> who is to blame for the crash of asiana flight 214? of asiana flight 214? >> question btz integrity of the [ laughter ] he loves me. he loves me not. he loves me. he loves me not. ♪ he loves me! that's right. [ mom ] warm and flaky in 15, everyone loves pillsbury grands! [ girl ] make dinner pop! [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ pillsbury cookie dough. make the holidays pop! >>> people angry over what is called an invasion by dozens of private shuttle buses operated to take employees to, and from work. we're live in the mission district tonight where they held a protest. >> we're talking about these gigantic bus that's ferry people to and from silicon valley. and drive around here in the mission district. you'll see one going by here ab
still ahead tonight backlash against a booming economy. why people are ganging up on google claiming the tech industry isn't pulling its own weight. >> 18 sheriff deputies find themselves on the wrong side of the law. >> who is to blame for the crash of asiana flight 214? of asiana flight 214? >> question btz integrity of the [ laughter ] he loves me. he loves me not. he loves me. he loves me not. ♪ he loves me! that's right. [ mom ] warm and flaky in 15, everyone loves...
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the economy is weak and vulnerable. i've said the most vulnerable part of the -- this is fiscal policies and monetary policy is not helping either. and u.s. needs a leadership role. stuart: sandra smith in chicago. >> it's monday. stuart: yes, any bubble talk in chicago, sandra? >> yeah, of course it's been around and charles is saying accurately. if you're going to to get a handful of big economists and money managers who are going to call it. it's a distinction, with what robert schiller is saying here. he's not calling this a bubble. he's saying it looks like a bubble. if it is a bubble it could end very, very badly as far as financials and the technology and stuart-- [inaudible] >> look at that, live television and we just froze right there. and i think she was about to make an important point, too, let's see if we can get back to her. you want to round out her thought? >> no, i know those are more short-term traders and obviously the more you go up, the more anxiety there is, and no doubt about that. the parallels
the economy is weak and vulnerable. i've said the most vulnerable part of the -- this is fiscal policies and monetary policy is not helping either. and u.s. needs a leadership role. stuart: sandra smith in chicago. >> it's monday. stuart: yes, any bubble talk in chicago, sandra? >> yeah, of course it's been around and charles is saying accurately. if you're going to to get a handful of big economists and money managers who are going to call it. it's a distinction, with what robert...
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market but probably as the economy froze. >> and, there you go. maybe it is overseas and look who they're competing with overseas. this industry might finally be right-sized. delta, united, now american having consummated mergers that make them what looks like pretty solid. take a look at the stock, not only of those guys but look at the stock today of the new american. ticker symbol aal. no more amr. today that closed up about 3% last i saw. i think that's what it was. that is not a bad day for a first day out of bankruptcy for a new company. at o'hare a lot of people waiting. glad it is not me today. cheryl: now the fun part begins. that is integration and doug parker saying they certainly learned from the mistakes that united and continental made. jeff, you had a front row seat yourself. >> and themselves. david: and overseas. great interview, it was terrific. regulations over there are so much more onerous in many way that is than regulations here. it's a tough deal for airlines. cheryl: funny he said international. david: they will need to go
market but probably as the economy froze. >> and, there you go. maybe it is overseas and look who they're competing with overseas. this industry might finally be right-sized. delta, united, now american having consummated mergers that make them what looks like pretty solid. take a look at the stock, not only of those guys but look at the stock today of the new american. ticker symbol aal. no more amr. today that closed up about 3% last i saw. i think that's what it was. that is not a bad...
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426
Dec 10, 2013
12/13
by
KGO
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still ahead tonight backlash against a booming economy. why people are ganging up on google claiming the tech industry isn't pulling its own weight. >> 18 sheriff deputies find themselves on the wrong side of the law. >> who is to blame for the crash of asiana flight 214? >> question btz [[man] it's nothing but tape... [woman] it's a block. we're havin' a baby! [laughter in background] [woman screams] are we havin' a baby? [ambient crying and laughter] shot neces is this flu shot necessary? it keeps you healthy during flu season. but does it hurt? nah. plus you get a really sweet bandaid! anything else i should know? here's a thought, try scoring more points on the other team. okay. even a warrior can get sick. kaiser permanente reminds you to get your flu shot this season. >>> people angry over what is called an invasion by dozens of private shuttle buses operated to take employees to, and from work. we're live in the mission district tonight where they held a protest. >> we're talking about these gigantic bus that's ferry people to and f
still ahead tonight backlash against a booming economy. why people are ganging up on google claiming the tech industry isn't pulling its own weight. >> 18 sheriff deputies find themselves on the wrong side of the law. >> who is to blame for the crash of asiana flight 214? >> question btz [[man] it's nothing but tape... [woman] it's a block. we're havin' a baby! [laughter in background] [woman screams] are we havin' a baby? [ambient crying and laughter] shot neces is this flu...
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Dec 10, 2013
12/13
by
KPIX
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>> it's our government's job to protect all of us and also to protect our freedoms and protect the economy and companies and i think that they did a bad job of balancing those things here of. >> reporter: the companies argue the national security agency is going too far in the bullet collection of phone and internet date -- in the bulk collection of phone and internet data, information from classified documents leaked by edward snow deny suggesting the nsa is stealing communications from internet providers by tapping into tables connecting the servers in overseas data centers. in today's letter the tech firm said they are now tightening internal cyber security. we are focused on keeping users' data secure, deploying the latest encryption technology to prevent unauthorized surveillance. the tech firms are also fighting back against surveillance which is authorized. the internet companies say courts too often are compelling them to turn over potentially sensitive customer data. video the u.s.-based firms are worried all of this is bad for business. the yahoo chief says massive government sno
>> it's our government's job to protect all of us and also to protect our freedoms and protect the economy and companies and i think that they did a bad job of balancing those things here of. >> reporter: the companies argue the national security agency is going too far in the bullet collection of phone and internet date -- in the bulk collection of phone and internet data, information from classified documents leaked by edward snow deny suggesting the nsa is stealing communications...
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Dec 9, 2013
12/13
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CNBC
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here's what's happened so far. >> we're making our economy the opportunity economy where you know, if you want to build a business, you want to get a job, you come here. >> which outs are cost me more, which will cost me less. >> nothing about the transaction will affect prices. supply unchanged. as long as demand stays the same, nothing should happen to prices. >> i was reassured doug said the ra rates won't go up, tremendous kol solization. they're going to restrain themselves. it's not going to cost more. >> he's going to tell you if he's going to move rates up, stick it right in the eye. >> this company's done nothing. they step up and look what happens. moving more toward organic food, doing the right things. stock goes higher. >> people are going to need guide 'on exactly what they can and cannot do. then, because ceos will be required to certifier or at least it's rumored, they're not going to put their names on the lean. >> the "squawk on the street" countdown to christmas is in full swing. ho, ho, ho! ♪ >> good monday morning. live here at post 9 of the new york stock excha
here's what's happened so far. >> we're making our economy the opportunity economy where you know, if you want to build a business, you want to get a job, you come here. >> which outs are cost me more, which will cost me less. >> nothing about the transaction will affect prices. supply unchanged. as long as demand stays the same, nothing should happen to prices. >> i was reassured doug said the ra rates won't go up, tremendous kol solization. they're going to restrain...
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Dec 9, 2013
12/13
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BLOOMBERG
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>> this is the private economy. slowly recoverying on its own after the blow of late 2008 and early 2009. it is not the result of 0 i want rest rates. it is not the result of 85 billion a month being bought out in the bond market. it is just the slow healing of the economy and the fed should be getting out of the way, letting the market clear interest rates that would reflect real economics and real allocation of capital and risk. >> whether people like you or don't like you or agree with you, i should say, they know that you've got an interesting public policy past. from your vantage point, are fed chairman predictable? do you know as they come in pretty much how they will be or are they like supreme court justices where it's a crap shoot? >> i think now it's very unpredictable because we're in unchartered waters. this qe policy that we have today was inconceiveable even 10 or 15 years ago. they've made it up on the fly month after month meeting after meeting since the crisis of 2008. now they're so deep in the cor
>> this is the private economy. slowly recoverying on its own after the blow of late 2008 and early 2009. it is not the result of 0 i want rest rates. it is not the result of 85 billion a month being bought out in the bond market. it is just the slow healing of the economy and the fed should be getting out of the way, letting the market clear interest rates that would reflect real economics and real allocation of capital and risk. >> whether people like you or don't like you or...
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the market economy. stuart: very typical. you want into your talking points in you have a loud voice, very insistent voice and won't stop. if i interrupt you i am. . >> i am the guests. stuart: i am root of i stop you from giving talking points to our viewers. we don't accept that. we don't accept pre-arranged talking points. we ask questions and ask our guests to answer them. you won't answer question no. one. >> i am answering about the vantage of the exchanges and what is interesting is republicans keep saying we want free market, we bring you free market through the exchange and you find every reason to object to it. stuart: why do you say the policies which i have to choose from or any other person has to choose from, why do you say they are better? why understand is more coverage but who is the judge of what is better? surely the individual. let me go on. i and in america. i thought america was about individual freedom and liberty. it was my choice as an individual to choose what health care i want. you have taken that
the market economy. stuart: very typical. you want into your talking points in you have a loud voice, very insistent voice and won't stop. if i interrupt you i am. . >> i am the guests. stuart: i am root of i stop you from giving talking points to our viewers. we don't accept that. we don't accept pre-arranged talking points. we ask questions and ask our guests to answer them. you won't answer question no. one. >> i am answering about the vantage of the exchanges and what is...